Notable
We have to open the second round of negotiations with bondholder
Voluntary retirement scheme to be offered to 267 employees at a cost of 844 million rupees during the amalgamation
Information not to be used retrospectively, Minister says
The EPF had come under fire in the past over questionable investments in stocks and also bonds.
Around 700,000 Sri Lankans have left the country for foreign jobs legally in 27 months through March 2024
Confident and optimistic that a second round of talks will commence very soon
A Fiscal Management Responsibility Act, which has been repeatedly breached in the past will be repealed
We are confident that second round of discussions will help us reach a solution
Greater understanding would speed up negotiations
Demographers have warned that outflows from the EPF would exceed inflows as Sri Lanka's population aged
Deficit lower in absolute terms and as a share of GDP
We have now been assured by the Hon Minister of Tourism that the process will be reversed by 1st May
Withholding tax may be lifted on interest below Rs100,000 a month
Th irrigation and hydropower project was designed and built by Iran's Farab engineering group.
State Minister believes the 2024 revenue target is achievable
Six parties bid for SriLankan stake
| Latest | Last | |
|---|---|---|
| US Dollar | 305.1018 | 305.3339 |
| UK Pound | 386.9523 | 387.2371 |
| Euro | 330.8712 | 332.1141 |
| Aus Dollar | 201.0018 | 201.4980 |
| Yen | 2.0266 | 2.0278 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.6453 | 3.5932 |
| Korea Won | 0.2342 | 0.2292 |
| Oman Rial | 780.3569 | 769.4973 |
| Saudi Riyal | 80.1114 | 78.9849 |
| UAE Dirham | 81.7952 | 80.6569 |
| pts | % | |
|---|---|---|
| S&P SL20 | 2,573.80 | 1.00% |
| CSE All Share | 9,073.41 | 0.65% |
| Turnover Rs million | 1,591,766,524.95 | 1,029,335,694.32 |
| Latest | Last | |
|---|---|---|
| 3-m bill | 21.72 | 21.79 |
| 6-m bill | 19.55 | 20.31 |
| 12-m bill | 17.72 | 19.28 |
| 5-yr bond | 21.00 | 22.53 |
| 8-yr bond | 19.42 | 20.55 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 13.93 | 14.00 |
| Gilt Repo | 13.50 | 14.00 |
| I-m SLIBOR | - | - |
The strides made in our economic recovery and financial stability have been acknowledged as significant advancements
So there is an issue of policy mix which we're talking, which we've been engaging the authorities with
I'm hopeful that there will be some conclusions down the road
Bondholders are insisting on a GDP link as they believe IMF GDP growth projections are too narrow
Sri Lanka has been attempting to tap global market for Green Bonds since 2023
Says possible to discuss a detachable value recovery instrument
Bondholders make suggestion for upside and downside bonds based on a baseline scenario
The matters will be discussed at round of talks in the near future
52 State-Owned Enterprises in Sri Lanka incurred losses of LKR 744.6 billion in 2022
PBO will analyse every public finance document and brief MPs on costs benefits plus
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